BlackRock Inc. Takes Position in Sanmina Corporation $SANM

BlackRock Inc. acquired a new stake in Sanmina Corporation (NASDAQ:SANM - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 5,495,109 shares of the electronics maker's stock, valued at approximately $1,390,702,000. BlackRock Inc. owned approximately 10.25% of Sanmina as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new position in shares of Sanmina in the third quarter worth about $26,000. N.E.W. Advisory Services LLC acquired a new stake in Sanmina in the 2nd quarter valued at approximately $36,000. Employees Retirement System of Texas bought a new position in Sanmina in the 4th quarter worth approximately $39,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Sanmina in the 2nd quarter worth approximately $50,000. Finally, Global Retirement Partners LLC acquired a new position in shares of Sanmina during the second quarter worth approximately $50,000. 92.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Sanmina

In other Sanmina news, CFO Jonathan P. Faust sold 10,076 shares of Sanmina stock in a transaction on Friday, May 29th. The stock was sold at an average price of $265.80, for a total transaction of $2,678,200.80. Following the completion of the transaction, the chief financial officer directly owned 77,000 shares of the company's stock, valued at approximately $20,466,600. This trade represents a 11.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Weiss Ratings downgraded shares of Sanmina from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday. JPMorgan Chase & Co. cut their target price on shares of Sanmina from $275.00 to $260.00 and set a "neutral" rating for the company in a research note on Tuesday, July 28th. Wall Street Zen raised shares of Sanmina from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 1st. Finally, Zacks Research upgraded shares of Sanmina from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Sanmina has a consensus rating of "Moderate Buy" and an average target price of $198.33.

Sanmina Price Performance

NASDAQ:SANM opened at $190.72 on Friday. The company has a 50-day moving average of $215.84 and a 200-day moving average of $191.43. The company has a market capitalization of $10.22 billion, a price-to-earnings ratio of 34.12, a PEG ratio of 0.68 and a beta of 1.59. Sanmina Corporation has a 52 week low of $108.50 and a 52 week high of $288.68. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.06 and a current ratio of 1.78.

Sanmina (NASDAQ:SANM - Get Free Report) last posted its earnings results on Monday, July 27th. The electronics maker reported $3.31 earnings per share for the quarter, beating analysts' consensus estimates of $2.77 by $0.54. The business had revenue of $3.46 billion for the quarter, compared to analysts' expectations of $3.40 billion. Sanmina had a net margin of 2.41% and a return on equity of 19.08%. The firm's revenue for the quarter was up 69.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.53 earnings per share. Sanmina has set its Q4 2026 guidance at 3.050-3.350 EPS and its FY 2026 guidance at 11.900-12.200 EPS. As a group, equities research analysts anticipate that Sanmina Corporation will post 10.41 earnings per share for the current fiscal year.

About Sanmina

Sanmina Corporation is a leading global electronics manufacturing services (EMS) provider specializing in the design, production and end-to-end supply chain solutions for complex electronic products. Founded in 1980, the company has built a reputation for delivering high-reliability manufacturing across a wide range of industries, including communications, computing, aerospace and defense, medical, automotive and industrial sectors.

Sanmina's core offerings encompass product design and engineering support, precision PCB fabrication and assembly, system integration, testing, and final system deployment.

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